1.   And although he, like Acuff, generally shuns cyclical names, he likes auto and metal stocks on a price basis as well.

2.   Meanwhile, the runup of cyclical names, which had been beaten up for some time, continued.

3.   Meanwhile, investors were lightening up on some past top performers, including cyclical names like paper and steel, and rotating into other high-flyers, including technology stocks.

4.   The Dow industrials were led higher by cyclical names such as Alcoa, IBM, United Technologies, Boeing, DuPont, and Caterpillar.

5.   The stock market put in a mixed performance Thursday, as investors dumped technology issues in favor of blue-chip cyclical names.